KBC Group NV Grows Stock Holdings in THOR Industries, Inc. (NYSE:THO)

KBC Group NV lifted its position in THOR Industries, Inc. (NYSE:THO) by 39.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,165 shares of the construction company’s stock after buying an additional 607 shares during the period. KBC Group NV’s holdings in THOR Industries were worth $207,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. State Street Corp boosted its holdings in THOR Industries by 2.1% in the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after acquiring an additional 33,619 shares in the last quarter. JPMorgan Chase & Co. grew its position in THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after purchasing an additional 411,466 shares during the last quarter. Pacer Advisors Inc. increased its stake in THOR Industries by 2.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock valued at $128,767,000 after purchasing an additional 31,416 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of THOR Industries by 1.4% in the third quarter. Geode Capital Management LLC now owns 911,232 shares of the construction company’s stock worth $100,161,000 after buying an additional 12,758 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of THOR Industries by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,435 shares of the construction company’s stock worth $66,092,000 after buying an additional 15,018 shares during the period. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Up 1.5 %

Shares of THO opened at $101.75 on Wednesday. The company’s 50-day moving average price is $101.04 and its 200 day moving average price is $104.18. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The firm has a market cap of $5.41 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 1.20 and a beta of 1.69.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.97%. THOR Industries’s dividend payout ratio is currently 51.15%.

Analyst Ratings Changes

Several research firms recently issued reports on THO. StockNews.com downgraded THOR Industries from a “hold” rating to a “sell” rating in a research report on Sunday. Truist Financial reduced their price objective on THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a research note on Tuesday, January 7th. Bank of America initiated coverage on THOR Industries in a research report on Friday, December 13th. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, Benchmark restated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $111.17.

About THOR Industries

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.